Active · Commercial Sale

4777 Guide Meridian , Bellingham, WA 98226

Bellingham, WA 98226

$1,999,999

— bedrooms · — bathrooms · 0 sq ft

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Listing provided by Windermere RE Whatcom, Inc. · MLS #2511642 · Active

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About this property

Bring the reasonable offers! Motivated Seller! Almost an 8% Cap rate. Unlock the potential of this rare multifamily investment with future commercial/industrial zoning expected fall of 2025. Currently generating strong income ($169K+ gross), this well-positioned property invites redevelopment with some wetlands mitigation to do—imagine storage, mixed-use, or a custom concept with city collaboration. Two curb cuts, three upgraded septic systems, Deer Creek Water rights, and a sewer stub make future expansion seamless. Seven versatile, well-kept structures include homes, shops, a barn, and a showroom. A unique chance to invest now and shape what’s next. Unique opportunity to acquire a commercial and industrial development property located on the high-traffic Guide Meridian (SR 539) in Bellingham, WA. The site offers strong visibility, stable rental income, and outstanding redevelopment potential. Highlights: - Frontage: +/-331 linear feet on Guide Meridian - Site Area: - Current Use: 3 residential units, commercial showroom, manufacturing space, laydown yard - Income: Ongoing rental income offsets holding and carrying costs - Utilities: Currently served by septic and community water; public utilities planned in near future - Zoning: Suitable for a wide range of commercial or LI uses - Access & Exposure: High visibility corridor w/strong traffic counts

Property details

Property type: Commercial Industrial
Year built: 1973
Lot size: 418,176 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $13,968 (2025)
Parking spaces: 4

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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